Eclipse Business Capital Provides $130 Million Senior Secured Credit Facility
Chicago, IL – February 14, 2022 – Eclipse Business Capital LLC (“EBC”), formerly known as Encina Business Credit, announced it has provided a senior secured, $130 million revolving credit facility to a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions.
The credit facility is secured by accounts receivable and inventory and used to refinance existing indebtedness and to provide ongoing working capital financing.
EBC’s demonstrated track record of executing quickly, coupled with its flexible approach, provided the borrower with confidence that its business needs would be met.
Originally founded in 2016, EBC is one of the country’s leading independent asset-based lending platforms targeting both privately owned and publicly traded companies across a wide range of industries. The firm provides revolving lines of credit and term loans ranging in size from $10 – 150 million that are secured by collateral such as accounts receivable, inventory, equipment or real estate.
Since it was established, EBC has underwritten more than 78 transactions totaling over $2.2 billion in aggregate credit facilities. EBC has an experienced team of 48 professionals, located in Chicago, Boston, New York, Connecticut, Los Angeles, San Francisco, Houston, Charlotte and Fort Lauderdale and provides financing to middle-market borrowers in the U.S. and Canada.